NVC Foundation’s donations are heart-led, many of them small in terms of the material world, coming in denominations of three to five digits. Collectively, these donations have supported NVC’s endeavors as it continues to build “heart prints” wherever it goes. Here in a nutshell is a picture of how NVC’s love delivers.
Statement of Operations
For the year ended December 31, 2016
2016 | |
---|---|
Income | Php 13,594,528 |
Expenses | |
Project Expenses | 10,025,176 |
Administrative Expenses | 2,371,070 |
Total Expenses | 12,396,246 |
Excess of income over expenses | Php 1,198,282 |
Statements of Financial Position
As of December 31, 2016
2016 | |
---|---|
ASSETS | |
Current Assets | |
Cash and cash equivalents | Php 4,736,570 |
Project receivables | 4,142,388 |
lnventories | 2,935,579 |
Total current assets | 11,814,537 |
Noncurrent Assets | |
Property and equipment, net | 4,442,906 |
Intangible asset, net | 33,683 |
Other noncurrent assets | 244,199 |
Total noncurrent assets | 4,720,788 |
TOTAL ASSETS | Php 16,535,325 |
LIABILITY AND FUND BALANCE | |
Current liability | |
Accruals and government laibilities | Php 136,205 |
Fund balance | 16,399,120 |
TOTAL LIABILITY AND FUND BALANCE | Php 16,535,325 |
From the report of independent auditors Roxas Cruz Tagle and Co. (formerly Alba, Romeo and Co.)
NVC Foundation Annual Report
Jan 2016–Jul 2017